Investors will receive additional benefits in Bashkortostan

Sergey Zakharov

Bashkortostan Government has brought to the republican parliament amendments to some legislative acts on taxes.

The new bill proposes to grant investors additional governmental support - to reduce capital investments requirements from 100 to 30 million rubles since January 1, 2014, and to establish a reduced rate of income tax (13.5 percent) and to release investors from paying property tax.

As the Deputy Prime Minister Ilshat Tazhitdinov marked, "this legislative innovation is aimed at implementing the medium-term complex economic development programs of Trans-Urals and North-eastern regions of the republic".

According to him "the adoption of the bill will increase the investment attractiveness of municipalities and thus will create more jobs, increase employment and incomes of local population", the official website of the Government of the republic informs.

#investments #benefits #legislation

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